Allstate forms rail-car venture to counter interest rate risks

Allstate helped form a freight rail-car leasing company as CEO Tom Wilson expands his bets on hard assets to generate better returns than bonds.

By Lily Katz, Katherine Chiglinsky|March 04, 2016 at 09:10 AM

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Allstate has climbed 5.2% this year, the third-best performance in the 20-company Standard and Poor’s 500 Insurance Index. (AP Photo)

(Bloomberg) — Allstate Corp., the largest publicly traded U.S. home and auto insurer, helped form a freight rail-car leasing company as Chief Executive Officer Tom Wilson expands his bets on hard assets to generate better returns than bonds.